Robert S. Murphy

Partner

Robert S. Murphy

Robert S. Murphy

Partner

Bar Admissions
  • Ontario, 1999

Trusted by clients to be “very practical, very knowledgeable and good at thinking things through,” Rob brings a combination of commercial insight and practical know-how to his clients’ critical capital markets matters.
Client – Chambers Canada 2019

Rob advises clients on a broad range of transactions, including public and private offerings of equity and debt securities and structured products, asset acquisitions and divestitures, joint ventures, equity monetizations, corporate governance and loan financings.

Known for his expertise in securities law, Rob is regularly consulted by public companies – including mining and oil and gas companies – on disclosure issues and general commercial matters. He also acts for issuers and underwriters in major cross-border transactions and advises major U.S. investment banks on securities law compliance issues concerning Canadian offerings.

Rob is an adjunct professor at Osgoode Hall Law School. He is a former member of the Ontario Securities Commission’s Continuous Disclosure Advisory Committee and Small Business Advisory Committee.

Robert S. Murphy

Partner

Trusted by clients to be “very practical, very knowledgeable and good at thinking things through,” Rob brings a combination of commercial insight and practical know-how to his clients’ critical capital markets matters.
Client – Chambers Canada 2019

Rob advises clients on a broad range of transactions, including public and private offerings of equity and debt securities and structured products, asset acquisitions and divestitures, joint ventures, equity monetizations, corporate governance and loan financings.

Known for his expertise in securities law, Rob is regularly consulted by public companies – including mining and oil and gas companies – on disclosure issues and general commercial matters. He also acts for issuers and underwriters in major cross-border transactions and advises major U.S. investment banks on securities law compliance issues concerning Canadian offerings.

Rob is an adjunct professor at Osgoode Hall Law School. He is a former member of the Ontario Securities Commission’s Continuous Disclosure Advisory Committee and Small Business Advisory Committee.

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J.P. Morgan

Acted for J.P. Morgan on the US$503-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc.

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Nevada Gold Mines

Acted for Nevada Gold Mines (NGM), the Barrick-Newmont joint venture, in its asset exchange agreement to acquire the remaining 40% of the South Arturo property from i-80 Gold Corp in exchange for NGM's Lone Tree and Buffalo Mountain Properties, and in its conditional up to $50-million private placement in i-80 common shares.

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CIBC Capital Markets, Scotia Capital Inc. and TD Securities Inc.

Acted for syndicate of agents, co-led by CIBC Capital Markets, Scotia Capital Inc. and TD Securities Inc., in a $150-million offering of series J senior unsecured notes of Crombie REIT.

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BofA Securities, J.P. Morgan and BMO Capital Markets

Acted for BofA Securities, J.P. Morgan and BMO Capital Markets in a $400-million offering by Intertape Polymer Group of senior unsecured notes.

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BMO Nesbitt Burns Inc., CIBC World Markets Inc., and RBC Dominion Securities Inc.

Acted for BMO Nesbitt Burns Inc., CIBC World Markets Inc., and RBC Dominion Securities Inc. as joint solicitation agents for the solicitation of consents and proxies with respect to proposed amendments to the Greater Toronto Airports Authority's Master Trust Indenture.

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Morgan Stanley

Acted as Canadian counsel to Morgan Stanley in a private placement of $1 billion in fixed-to-floating-rate senior notes due 2027 (maple bonds).

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Canaccord Genuity and Needham & Company

Acted for a syndicate of underwriters, led by joint bookrunners Canaccord Genuity and Needham & Company, in a marketed public offering of US$57.5-million of common shares of AcuityAds Holdings Inc. in the United States and Canada, representing AcuityAds' initial public offering in the United States.

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Scotia Capital Inc. and BMO Nesbitt Burns Inc.

Acted for a syndicate of underwriters, led by Scotia Capital Inc. and BMO Nesbitt Burns Inc. as joint bookrunners, in an offering of an aggregate of $141.5 million of trust units of Crombie REIT and Class B LP units of Crombie Limited Partnership exchangeable for trust units of Crombie.

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TD Securities Inc. and Goldman Sachs Canada Inc.

Acted for a syndicate of underwriters led by TD Securities Inc. and Goldman Sachs Canada Inc., as joint bookrunners, on the C$402.5-million initial public offering of Softchoice Corporation, a leading technology solutions provider in North America.

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The New York Life Insurance Company and New York Life Global Funding

Acted for The New York Life Insurance Company and New York Life Global Funding, a special purpose statutory trust organized under Delaware law, in the Canadian private placement of $1 billion of fixed-rate notes by New York Life Global Funding secured by a funding agreement issued by The New York Life Insurance Company.

Bulletin
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Davies Highlights Concerns with Proposals to Modernize Ontario’s Capital Markets

Sept. 09, 2020 - Davies has submitted a comprehensive comment letter to the Capital Markets Modernization Taskforce (Taskforce) in response to the consultation report published by the Taskforce on July 9, 2020 (Report). The Taskforce was formed by the Ontario government in February 2020 with a mandate to review...

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At-the-Market Distributions Arrive in Canada

June 08, 2020 - Reporting issuers will soon be able to implement at-the-market (ATM) distributions without obtaining regulatory relief. 1 Starting August 31, 2020, ATM distributions in Canada will no longer be subject to prescribed liquidity requirements or prescribed limits on aggregate distribution size or...

Bulletin
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COVID-19: Canadian Public Disclosure Considerations During the Pandemic

Mar. 23, 2020 - Canadian public issuers grappling with the impact of the COVID-19 pandemic on their businesses are rightly focusing on the health and safety of their workforce and customers, business continuity and risk management. However, while balancing these and the many other critical issues flowing from...

Bulletin
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CSA Proposes New At-the-Market Distribution Regime

May 16, 2019 - The Canadian Securities Administrators (CSA) recently published a notice and request for comment that proposes amendments (Proposed Amendments) to Part 9 of National Instrument 44-102 Shelf Distributions (NI 44-102). The Proposed Amendments, when adopted, will provide a new regime for...

Bulletin
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CSA Offers Tips for Token Offerings: Direction or Deterrence?

June 28, 2018 - The Canadian Securities Administrators (CSA) has published CSA Staff Notice 46-308 – Securities Law Implications for Offerings of Tokens (2018 Notice). Released on June 11, 2018, it provides some long-awaited clarity on the CSA’s view on token offerings, commonly known as initial coin...

Bulletin
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Demystifying Crypto in Canada: Will 2018 Be the Year of Blockchain?

Mar. 07, 2018 - The year 2017 was one of tremendous growth for blockchain, as the technology underlying Bitcoin gained attention from mainstream media outlets, financial institutions, investment funds and securities regulators across the globe. Blockchain’s rise to prominence was led by an interest in...

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Chambers Global: The World’s Leading Lawyers for Business—Capital Markets: Debt and Equity

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Chambers Canada: Canada’s Leading Lawyers for Business—Capital Markets

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IFLR1000: The Guide to the World’s Leading Financial Law Firms—Capital Markets: Debt; Capital Markets: Equity; Mergers and Acquisitions

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Lexpert Special Edition: Energy

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Lexpert Special Edition: Finance and M&A

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Lexpert Special Edition: Mining

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The Canadian Legal Lexpert Directory—Corporate Commercial Law; Corporate Finance and Securities; Mergers and Acquisitions

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The Best Lawyers in Canada—Corporate Law; Mergers and Acquisitions Law; Mining Law

Bar Admissions
Mobile Content:

Ontario, 1999

Education
Mobile Content:

Queen’s University, LLB, 1996
Queen’s University, BA (Hons) (Economics), 1987

Community Involvement
Mobile Content:

Ontario Securities Commission, Continuous Disclosure Advisory Committee, former member; Small Business Advisory Committee, former member

Teaching Engagements
Mobile Content:

Rob is an adjunct professor at Osgoode Hall Law School, where he leads the securities law section of the Advanced Business Law Workshop.

Trusted by clients to be “very practical, very knowledgeable and good at thinking things through,” Rob brings a combination of commercial insight and practical know-how to his clients’ critical capital markets matters.
Client – Chambers Canada 2019

Rob advises clients on a broad range of transactions, including public and private offerings of equity and debt securities and structured products, asset acquisitions and divestitures, joint ventures, equity monetizations, corporate governance and loan financings.

Known for his expertise in securities law, Rob is regularly consulted by public companies – including mining and oil and gas companies – on disclosure issues and general commercial matters. He also acts for issuers and underwriters in major cross-border transactions and advises major U.S. investment banks on securities law compliance issues concerning Canadian offerings.

Rob is an adjunct professor at Osgoode Hall Law School. He is a former member of the Ontario Securities Commission’s Continuous Disclosure Advisory Committee and Small Business Advisory Committee.

J.P. Morgan

Acted for J.P. Morgan on the US$503-million cross-border secondary offering of subordinate voting shares of GFL Environmental Inc.

Nevada Gold Mines

Acted for Nevada Gold Mines (NGM), the Barrick-Newmont joint venture, in its asset exchange agreement to acquire the remaining 40% of the South Arturo property from i-80 Gold Corp in exchange for NGM's Lone Tree and Buffalo Mountain Properties, and in its conditional up to $50-million private placement in i-80 common shares.

CIBC Capital Markets, Scotia Capital Inc. and TD Securities Inc.

Acted for syndicate of agents, co-led by CIBC Capital Markets, Scotia Capital Inc. and TD Securities Inc., in a $150-million offering of series J senior unsecured notes of Crombie REIT.

BofA Securities, J.P. Morgan and BMO Capital Markets

Acted for BofA Securities, J.P. Morgan and BMO Capital Markets in a $400-million offering by Intertape Polymer Group of senior unsecured notes.

BMO Nesbitt Burns Inc., CIBC World Markets Inc., and RBC Dominion Securities Inc.

Acted for BMO Nesbitt Burns Inc., CIBC World Markets Inc., and RBC Dominion Securities Inc. as joint solicitation agents for the solicitation of consents and proxies with respect to proposed amendments to the Greater Toronto Airports Authority's Master Trust Indenture.

Morgan Stanley

Acted as Canadian counsel to Morgan Stanley in a private placement of $1 billion in fixed-to-floating-rate senior notes due 2027 (maple bonds).

Canaccord Genuity and Needham & Company

Acted for a syndicate of underwriters, led by joint bookrunners Canaccord Genuity and Needham & Company, in a marketed public offering of US$57.5-million of common shares of AcuityAds Holdings Inc. in the United States and Canada, representing AcuityAds' initial public offering in the United States.

Scotia Capital Inc. and BMO Nesbitt Burns Inc.

Acted for a syndicate of underwriters, led by Scotia Capital Inc. and BMO Nesbitt Burns Inc. as joint bookrunners, in an offering of an aggregate of $141.5 million of trust units of Crombie REIT and Class B LP units of Crombie Limited Partnership exchangeable for trust units of Crombie.

TD Securities Inc. and Goldman Sachs Canada Inc.

Acted for a syndicate of underwriters led by TD Securities Inc. and Goldman Sachs Canada Inc., as joint bookrunners, on the C$402.5-million initial public offering of Softchoice Corporation, a leading technology solutions provider in North America.

The New York Life Insurance Company and New York Life Global Funding

Acted for The New York Life Insurance Company and New York Life Global Funding, a special purpose statutory trust organized under Delaware law, in the Canadian private placement of $1 billion of fixed-rate notes by New York Life Global Funding secured by a funding agreement issued by The New York Life Insurance Company.

Bulletin

At-the-Market Distributions Arrive in Canada

June 08, 2020 - Reporting issuers will soon be able to implement at-the-market (ATM) distributions without obtaining regulatory relief. 1 Starting August 31, 2020, ATM distributions in Canada will no longer be subject to prescribed liquidity requirements or prescribed limits on aggregate distribution size or...

Bulletin

COVID-19: Canadian Public Disclosure Considerations During the Pandemic

Mar. 23, 2020 - Canadian public issuers grappling with the impact of the COVID-19 pandemic on their businesses are rightly focusing on the health and safety of their workforce and customers, business continuity and risk management. However, while balancing these and the many other critical issues flowing from...

Bulletin

CSA Proposes New At-the-Market Distribution Regime

May 16, 2019 - The Canadian Securities Administrators (CSA) recently published a notice and request for comment that proposes amendments (Proposed Amendments) to Part 9 of National Instrument 44-102 Shelf Distributions (NI 44-102). The Proposed Amendments, when adopted, will provide a new regime for...

Bulletin

CSA Offers Tips for Token Offerings: Direction or Deterrence?

June 28, 2018 - The Canadian Securities Administrators (CSA) has published CSA Staff Notice 46-308 – Securities Law Implications for Offerings of Tokens (2018 Notice). Released on June 11, 2018, it provides some long-awaited clarity on the CSA’s view on token offerings, commonly known as initial coin...

Bulletin

Demystifying Crypto in Canada: Will 2018 Be the Year of Blockchain?

Mar. 07, 2018 - The year 2017 was one of tremendous growth for blockchain, as the technology underlying Bitcoin gained attention from mainstream media outlets, financial institutions, investment funds and securities regulators across the globe. Blockchain’s rise to prominence was led by an interest in...

Chambers Global: The World’s Leading Lawyers for Business—Capital Markets: Debt and Equity

Chambers Canada: Canada’s Leading Lawyers for Business—Capital Markets

IFLR1000: The Guide to the World’s Leading Financial Law Firms—Capital Markets: Debt; Capital Markets: Equity; Mergers and Acquisitions

Lexpert Special Edition: Energy

Lexpert Special Edition: Finance and M&A

Lexpert Special Edition: Mining

The Canadian Legal Lexpert Directory—Corporate Commercial Law; Corporate Finance and Securities; Mergers and Acquisitions

The Best Lawyers in Canada—Corporate Law; Mergers and Acquisitions Law; Mining Law

Bar Admissions

Ontario, 1999

Education

Queen’s University, LLB, 1996
Queen’s University, BA (Hons) (Economics), 1987

Community Involvement

Ontario Securities Commission, Continuous Disclosure Advisory Committee, former member; Small Business Advisory Committee, former member

Teaching Engagements

Rob is an adjunct professor at Osgoode Hall Law School, where he leads the securities law section of the Advanced Business Law Workshop.